Motive Partners and Apollo to merge Alchelyst and Lyra Client Solutions.

Motive Partners, a private investment firm, and Apollo, a global alternative asset manager, agreed to merge Alchelyst, a full-service fund administrator, and Lyra Client Solutions, a client servicing organization. Financial terms were not disclosed. “The combination of Alchelyst and Lyra creates a differentiated partner that can lead the next wave of innovation in private markets servicing, supporting GPs with a growing base of investors across the institutional and wealth channels. With Motive Partners’ deep domain expertise and network and Apollo as a founding client and strategic design partner, we are poised to deliver measurable value to our clients and help expand private market access to new investors,” Joan Kehoe, Alchelyst Founder and CEO.